WAVE 3 News Editorial - August 8, 2017: Federal Tax Reform - wave3.com-Louisville News, Weather & Sports

WAVE 3 News Editorial - August 8, 2017: Federal Tax Reform

LOUISVILLE, KY (WAVE) - Now that health care reform has been benched, tax reform is likely next up, and hopefully, it will see some success. It will if tax cuts are immediate and permanent, rather than phased-in and temporary, as is sometimes the case.

And the cuts must be for both individuals and businesses. Businesses must be able to compete better with companies worldwide as this is a fully global economy. 

The playing field isn't level if corporate tax rates in America are so much higher. Businesses would much rather invest in people and new products.

>> Click for previous WAVE 3 News Editorials

Something must give if these cuts are made. Cuts of subsidies is a likely source. The hope is losing some of these will be better accepted if our personal wages grow and capital investment booms.

The faster this action spurs growth, the better, as that, in turn, will help us begin to tackle deficits.

Copyright 2017 WAVE 3 News. All rights reserved. 

  • WAVE 3 NewsNEWSMore>>

  • Lewis to JCPS: 'It's going to be ugly.'

    Lewis to JCPS: 'It's going to be ugly.'

    Thursday, July 19 2018 8:26 PM EDT2018-07-20 00:26:00 GMT
    Dr. Wayne Lewis, state Interim Education Commissioner. (Source: WAVE 3 News)Dr. Wayne Lewis, state Interim Education Commissioner. (Source: WAVE 3 News)

    Dr. Wayne Lewis, state Interim Education Commissioner, advised JCPS that the district’s planned appeal of his recommendation of a state takeover will not go well for the district. 

    More >>

    Dr. Wayne Lewis, state Interim Education Commissioner, advised JCPS that the district’s planned appeal of his recommendation of a state takeover will not go well for the district. 

    More >>
  • Hits keep coming for Papa John's

    Hits keep coming for Papa John's

    Thursday, July 19 2018 7:26 PM EDT2018-07-19 23:26:36 GMT
    The Papa John's brand is embroiled in controversy. (Source: WAVE 3 News)The Papa John's brand is embroiled in controversy. (Source: WAVE 3 News)

    Accusations are not only headed at the company's founder John Schnatter for using a racial slur, but other players at the helm of the company are now accusing him of sexual misconduct and creating a "toxic culture."

    More >>

    Accusations are not only headed at the company's founder John Schnatter for using a racial slur, but other players at the helm of the company are now accusing him of sexual misconduct and creating a "toxic culture."

    More >>
  • Kentuckians on Medicaid will have dental, vision benefits restored

    Kentuckians on Medicaid will have dental, vision benefits restored

    Thursday, July 19 2018 6:23 PM EDT2018-07-19 22:23:22 GMT
    Dental and vision benefits will soon be restored for Kentuckians on Medicaid. (Source: Pixabay)Dental and vision benefits will soon be restored for Kentuckians on Medicaid. (Source: Pixabay)

    Since the beginning of July, residents with extended Medicaid coverage through Kentucky HEALTH My Rewards Accounts were denied dental and vision benefits.

    More >>

    Since the beginning of July, residents with extended Medicaid coverage through Kentucky HEALTH My Rewards Accounts were denied dental and vision benefits.

    More >>
Powered by Frankly